We are four weeks in and the teams are progressing nicely. We had another week focused on Customer Discovery where the teams have been talking to a lot of potential customers and continuing to refine their segments. MVPs are getting built and several teams are moving into Customer Validation. One team flew to India to meet with potential customers for a few days and also dropped in on Telerik India!
We had two mentors come in this week, one was a talk by a local entrepreneur who decided to walk away from his business after his partner and investor changed the terms and would not negotiate. His only course of action was to walk away from the business and the story was very powerful. We also had Steven Kopec from Turner Broadcasting Asia come in and work with the teams 1:1.
We also had the third installment of Paul and Steve’s “Early Stage Venture Survival” talk at the Good Lab, which was open to the public. Paul spoke for two hours on the value of metrics to a startup. (And how to avoid vanity metrics.)
We also did our first batch of Pecha Kuchas, one team member even did one on Austrian Economics. Paul has also started to pronounce Pecha Kuchas properly, giving up his futile attempt to change the native Japanese pronunciation of the word.
On Friday we did our weekly check-in and changed it up by having people do an elevator pitch for a team that they were not a member of!
After our checkin we went to a BBQ hosted by one of the teams on the rooftop of one of our mentors.
Next week we start to take a look at the MVPs, and we have some mentors coming in for the +30. Prototype Day presentations. (Can you believe that we are at this a month already?!?!) Stay tuned…